My ongoing theme is always the truth, as I see it, and the exposure of lies, deception and manipulation wherever they exist. I remain firmly convinced that the world can no longer resist its innate urge to unite and co-operate with one another and we are very close to the point where war can no longer be an option if this transformation is to occur. Website: allenroland.com Email: allen@allenroland.com

Sunday, June 24, 2012

OBAMA PLAYS LEAD FOR JAMIE DIMON AND THE FAT CATS ~ WHO OWN AND CONTROL AMERICA

Jamie Dimon’s gold embossed presidential seal cuff links, a gift
from the president, are a blatant reminder that Obama plays lead to Jamie Dimon and
the fat cats ~ who obviously control America: Allen L Roland

Forbes
rates JP Morgan Chase CEO Jamie Dimon as the 41st most powerful
person in the world with annual earnings of almost 21 million.

So when
Jamie Dimon waltzed into the Congressional hearings last week sporting his gift
Presidential seal gold embossed cuff links from President Obama ~ it was a not so subtle in-your-face statement to congress and
the American people of who not only owns but is in charge of America.

Ellen Brown cuts to the quick with
her recent brilliant analysis ~ The US Senate won’t touch Jamie Dimon
because JPM derivatives prop up US Debt;

“ What is going on with this panel of senators?” asked Jon Stewart. “They’re
sucking up to Jamie Dimon like they’re on JPMorgan’s payroll.” The
explanation in a news clip that followed was that JPMorgan Chase is the biggest
campaign donor to many of the members of the Banking Committee.That is one obvious answer, but financial analysts Jim Willie and Rob
Kirby think it may be something far larger, deeper, and more ominous…. The
national debt is growing at $1.5 trillion per year. Ultra-low interest rates
MUST be maintained to prevent the debt from overwhelming the government
budget. Near-zero rates also need to be maintained because even a
moderate rise would cause multi-trillion dollar derivative losses for the
banks, and would remove the banks’ chief income stream, the arbitrage afforded
by borrowing at 0% and investing at higher rates.The low rates are maintained by interest rate swaps,
called by Willie a “derivative tool which controls the bond market in a
devious artificial manner.” Kirby contends that the only organization large enough to act as
counterparty to some of these trades is the U.S. Treasury itself. He
suspects the Treasury’s Exchange Stabilization Fund, a covert entity without
oversight and accountable to no one. Kirby also notes that if
publicly-traded companies (including JPMorgan, Goldman Sachs, and Morgan
Stanley) are deemed to be integral to U.S. national security (meaning
protecting the integrity of the dollar), they can legally be excused from
reporting their true financial condition. They are allowed to keep two
sets of books.Interest
rate swaps are now over 80 percent of the massive
derivatives market, and JPMorgan holds about $57.5 trillion of them. Without
the protective JPMorgan swaps, interest rates on U.S.
debt could follow those of Greece
and climb to 30%. CEO Dimon could, then, indeed be “the guy in charge”:
he could be controlling the lever propping up the whole U.S. financial system.”.

Ellen Brown asks the key
question ~ Is there no alternative but to succumb to the Mafia-like Wall
Street protection racket of a covert derivatives trade in interest rate swaps?“ As Willie and Kirby observe, that scheme itself must ultimately fail, and
may have failed already. They point to evidence that the JPM losses
are not just $3 billion but $30 billion or more, and that JPM is actually
bankrupt ; The derivatives casino itself is just a last-ditch attempt to prop up a
private pyramid scheme in fractional-reserve money creation, one that has
progressed over
several centuries through a series of “reserves” ~ from gold, to
Fed-created “base money,” to mortgage-backed securities, to sovereign debt
ostensibly protected with derivatives. We’ve seen that the only real
guarantor in all this is the government itself, first with FDIC insurance and
then with government bailouts of too-big-to-fail banks. If we the
people are funding the banks, we should own them; and our national currency
should be issued, not through banks at interest, but through our own sovereign
government.”See full article:http://webofdebt.wordpress.com/2012/06/19/why-the-senate-wont-touch-jamie-dimon-jpm-derivatives-prop-up-u-s-debt/#more-3936

“The swap market lacks necessary street
lamps,” he said. “I think the American public
still isn’t safe on these roads until we get the rules of the road in place. I
think the America
public was bystanders to taking on excessive risk in 2008, and we still have
been.”

We are all being played for suckers but If you
think things are dangerous here ~ take a look
at the Euro zone through the eyes of UKIP Nigel Farage ~ who rightfully
calls the whole thing a giant Ponzi scheme. Here’s U.K. Independence Party
Leader Nigel Farage discussing the causes of the financial crisis in Europe as well as the inadequacy ofits present
leadership .6 minute videohttp://youtu.be/zTN7hL5fgWo

So there you have it, the global economic and monetary system is coming apart at
the seams, the Banksters, both here and abroad, can no longer hide from the
truth that Jamie Dimon and the fat cats own
America as well as President Obama and congress ~ and that bailing out the banks always ends with tax payers paying the
bill.

And speaking of taxpayers ~ where does half of the money that
the IRS siphons off from the paychecks of its citizens in taxes every year go?

It's the war machine and a subject
that the financial news media is strangely
silent about.

Allen L
Roland is a practicing
psychotherapist, author and lecturer who also shares a daily political and
social commentary on his weblog
and website allenroland.com
He also guest hosts a monthly national radio show TRUTHTALK on www.conscioustalk.net

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About Me

I'm a disabled active duty Navy veteran who was born in Boston, Massachusetts, survived a dysfunctional family, pursued and lived my dreams, including being a Navy carrier fighter pilot. I found myself by fully opening my heart, wrote three books, sired four children and I'm still living my ultimate dream by making a difference from a place of celebration and service. My 1998 PhD dissertation on the UNIFIED FIELD was chosen by Noetic Science and Common Boundary as one of the top three world finalists on combining psychology and spirituality. I retired from my private practice in 2014, because of my service connected asbestosis related lung disease, and live in Antioch, California but still remain involved as a featured columnist on Veterans Today and heart centered spiritual consultant and advisor ~ particularly with combat veterans with PTSD as well as others with PTHD ( Post Traumatic Heart Disorder).